How stocks performed during previous Fed rate hike cycles

Yahoo Finance's Jared Blikre explains today's stat of the day on how the S&P 500 performed during the previous eight rate hike cycles.

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JARED BLIKRE: Well, as this week is Fed decision week, chew on this Yahoo Finance Stat of the Day. In the previous eight rate-hiking cycles, the S&P 500 was higher a year after the first increase every single time. And that's according to data from LPL Financial. Average gain during these periods one year later-- 10.8%. More after this.